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| yotsuya:
What can you do with those miners when you wise up? HTPC? MAME box? Plex server? |
| Phreakwars:
--- Quote from: lilshawn on February 14, 2018, 01:06:38 pm --- --- Quote from: Phreakwars on February 14, 2018, 01:01:58 pm ---At least with a video card, you can get some use out of it, or even resell it --- End quote --- You are not going to make much money back on video cards. --- End quote --- I guess that would depend on how much you initially paid for it. If you bought it before miners started sucking the market dry, you'd make money back, if you buy one now, you are a complete idiot. And yeah, running it at 100% utilization is gonna wear down those fans. You'd wanna maybe remove the stock cooling fans and switch to a new one, or even replace it with a water pump. I choose water cooling on a couple of my rigs, but then, like I said before, they are NOT dedicated miners. I would expect the resale value should be decent provided the buyer trusts your description of having a fairly new/unused fan. Though I can't see myself personally selling mine since they do get used for gaming. Nvidia and ATI would have to release something that performs better at the same price point I bought mine at for me to consider. Right now, that is highly improbable, but for those who DON'T have a 1080Ti, it might be worth something to them to actually get one for under a grand. |
| Phreakwars:
--- Quote from: yotsuya on February 14, 2018, 01:41:02 pm ---What can you do with those miners when you wise up? HTPC? MAME box? Plex server? --- End quote --- Good question, this is exactly why I won't build a dedicated rig... or rather spend money on one. My dedicated ones were actually given to me. My Dell T610 is still quite usefull as it utilizes 2 Xeon x5675 CPU's. I could probably get $500 easy for it right now as is. It's actually a decommissioned server from a bank, and will hold... if I remember 8 (maybe it was 10) 2.5" hard drives in RAID. Before using it to mine, I was using it as a dedicated server for the house, I might just do that again... or sell it.. haven't made up my mind yet. |
| Howard_Casto:
--- Quote from: pbj on February 14, 2018, 09:53:03 am ---The people in Houston making money off bitcoin are the people selling rigs and mounting frames. Our local news is giving them a lot of free advertising lately. This ---steaming pile of meadow muffin--- is exactly like Amway and house flipping.... if there's so much easy money to be made why are you spending your time recruiting more people to do it... --- End quote --- Just like during the gold rush of the late 1800's, the only people making money were the ones selling the pans and pick axes. You'd think people would learn from their history. |
| dkersten:
--- Quote from: Howard_Casto on February 14, 2018, 03:44:16 pm ---Just like during the gold rush of the late 1800's, the only people making money were the ones selling the pans and pick axes. You'd think people would learn from their history. --- End quote --- I would adjust that to say that the only people "reliably" making money were the ones selling the pans and pick axes. There were a lot of people making money back then, as there are now. If there wasn't, then nobody would be wasting their time with it. But just like gold mining (in the 1800's or even today), you really have to know what you are doing, have a fair bit of luck, and be prepared to lose your ass. The ones who will lose without question in this cryptocurrency situation (or in the real estate bubble, or the dot-com craze, or gold rushers, etc.) are the ones who jump in with no real understanding and no real sense with the sole intent to make a quick killing and get away clean. This is more or less the "FOMO" crowd, the ones who see others making money and can't stand the idea of missing out on it so they dive in thinking if their buddy/neighbor/coworker can make money, so can they. Others who are making money on this are the "you tubers", the ones who are using social media to drive sales toward currencies they have a stake in to manipulate the market (or to grow their online presence purely for marketing power). Anyone who makes a crazy video predicting a massive jump or drop in crypto currencies will get attention if they turn out to be right. They make a bold prediction video for one way, then another for the opposite way, then delete the one that is wrong. Do that a few times and rack up some views and suddenly that FOMO crowd watches those videos and sees a guy who is always right, and invests based on it. I learned an interesting tactic for scammers with email. Send out a million emails, half telling people to invest one way, half telling them to invest the opposite way. Whichever way works, you ONLY email the next bold predictions to that half. And whichever is wrong, you cut that half out of your email group. Do it again, and again, and again, and soon you have a list of a few thousand people who have received several emails from you where you predicted the market 100% correctly. Now hit those people up for an investment opportunity. As far as they see it, you are a genius who is always right. |
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